Thursday, February 5, 2015

IMF announces debt relief for Ebola-stricken countries

The International Monetary Fund is providing $100 million in debt relief for the three nations most affected by the Ebola outbreak.

After weeks of declines, the World Health Organization announced that Ebola cases were back on the rise, just as the United Nations reported that only about 40% of aid was reaching Guinea, Liberia and Sierre Leone.

IMF Managing Director Christine LaGarde said this debt relief package is a departure from their usual policy of granting loans.

IN: "The IMF....
OUT: ...two years."
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IMF Managing Director Christine LaGarde said the debt relief is necessary because the virus could spread and these three countries have experienced a dramatic ordeal.

IN: "And that...
OUT: ...give loans."
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